SEC Proposes New Rules on Money Market Funds

Recently, the Securities and Exchange Commission (SEC) voted to propose rules that would reform the way that money market funds (MMFs) operate. Their goal in doing so is to make MMFs less susceptible to large runs, like those that occurred when heavy redemptions in the funds ―broke the buck during the financial crisis of 2008. Retirement plans invest more than $375 billion in MMFs, if passed as proposed these rules have the potential to greatly affect their suitability as a retirement plan option and investment.

Read the full report from Lockton here.

About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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